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closed-end investment company
[ klohzd-end in-vest-muhnt kuhm-puh-nee ]
/ ˈkloʊzd ɛnd ɪnˈvɛst mənt ˌkʌm pə ni /
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noun
an investment company that issues its shares in large blocks at infrequent intervals and is not obligated to redeem or repurchase them.
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Compare open-end investment company.
Words nearby closed-end investment company
closed couplet, closed cycle, closed-door, closed ecosystem, closed-end, closed-end investment company, closed fracture, closed game, closed gentian, closed interval, closed loop
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Based on the Random House Unabridged Dictionary, © Random House, Inc. 2023